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Fraud Prevention: Customer Identity is Critical

Experian research shows online fraud continues to be a top concern across the globe.  84% of Businesses Could Reduce Fraud Risk if Certain About Customers’ Identity Six out of every 10 businesses are experiencing the same or more fraudulent losses online compared with a year ago. Released recently Experian’s Global Fraud and Identity Report shows that fraud trends and patterns continue to ... Read More »

APAC Banks Say Fraudulent Synthetic Identities on the Rise

Synthetic identities fraud is where new identities are made by blending elements from multiple individuals, making the uncovering of fraudulent transactions more complicated. Scammers take these new identities and apply for accounts to build validity for these new personas. Products such as pre-paid credit cards, utility bills and personal loans have all been used as a starting point to build ... Read More »

Identity: Indian Government Introduces Virtual ID

Indian Government Introduces Virtual ID to Enhance Data Privacy in the Use of National Biometric ID The Indian Government has announced significant changes to the way the national ID, Aadhaar, is currently being used for authentication. Instead of providing the actual ID number, citizens will be able to use a revocable Virtual ID and the agencies are required to make ... Read More »

India Investigates Possible Breach of ID Database (Aadhaar)

The government of India has started looking into a report that a database with information on its more than 1 billion citizens is being sold online. Citing The Tribune newspaper, Reuters reported that information on Indian citizens was being hawked on social media for $8. The paper said it purchased login credentials to the Aadhaar database, enabling it to access ... Read More »